With the Midwest still harboring great cap rates compared to the East & West Coasts, its exciting to offer a place where we can to help so many buyers secure "out of market" financing for investment and commercial properties.

I have also tried calling the lawyer that's representing the finance company from out of state and left a voicemail saying I want to reach somebody with authority with the finance company they are representing so I could buy the home, but I received no reply. 

Given that it is administered locally, it's totally worth comparing landlord acceptance rates across cities to study why and where it is and isn't accepted. 

ARV will be determined by looking at comparable sales in the area.

@Jake WalrothInteresting, my past experiences have been somewhat flip flopped compared to yours.

I don't want to buy in CA right  now because the house prices are very high compared to rental income and the laws are biased against landlords. 

The author lives in Cali and did all his flips and rehab/hold investments out of state without ever stepping foot in the properties: https://www.biggerpockets.com/store/long-distance-...I hope this help and don't hesitate to ask questions!

The Operating Agreement must contain language sufficient to address IRA-related issues concerning Prohibited Transactions (26 USC 4975), The Plan Asset Rules, the allowance of subsequent or additional Capital Contributions and Unrelated Business Income Tax (including language that ensures that the Manager of the LLC will prepare and file all necessary tax forms with the appropriate taxing authorities, Federal, State and local).

Decide what is most important to you, use the metrics accordingly, compare those to other available properties, and then make a decision.On this particular property, I wouldn't call it a home run by any stretch.

I believe it was mainly just a prorated portion of the wastewater charge compared to my normal usage, so not a ton, but definitely nice to get back.